BDC financing for tech companies: what to prepare
BDC’s Loan for Tech Companies offers financing tailored to a technology business’s needs and cash flow.
A technology business is different from a technology purchase
BDC’s current product page is for tech companies seeking capital for growth, product development, hiring, market expansion and other business milestones. It lists Canadian location, revenue generation and a good track record as general requirements. A non-tech business buying an AI tool should ask BDC whether this product, LIFT or another loan is the relevant route.
Repayment is tailored to the offer
BDC describes the possibility of interest-only payments at the start, a customized repayment schedule and principal repayment at term end. It does not make every structure available to every borrower. Ask BDC for the rate, amount, term, fees, security and a schedule based on your company’s cash flow rather than relying on a generic online estimate.
Bring a business case
- Recent financial information and a clear explanation of the revenue model.
- Growth plans, investment needs and the milestones the financing enables.
- Cash-flow projections including a scenario where customer growth or project benefits arrive late.
- Existing debt and the recurring operating costs created by the project.
For a defined digital transformation or equipment project, compare BDC LIFT. The choice depends on the business and the written offer, including planning requirements and supplier conditions.